Madrid NM Real Estate & Homes for Sale
The median home value in Madrid, NM is $336,100.
This is
lower than
the county median home value of $355,300.
The national median home value is $219,700.
The average price of homes sold in Madrid, NM is $336,100.
Approximately 46.85% of Madrid homes are owned,
compared to 45.95% rented, while
7.21% are vacant.
Madrid real estate listings include condos, townhomes, and single family homes for sale.
Commercial properties are also available.
If you see a property you’re interested in, contact a Madrid real estate agent to arrange a tour today! $237,0002883 Nm 14 Madrid, NM 87010
ADDITIONAL INFORMATIONCurrently a retail shop. Has a kitchen and bath and could be a residence. Also there is a storage/office building in back. $399,0002879 Nm 14 Madrid, NM 87010
ADDITIONAL INFORMATIONSet on the scenic Turquoise Trail in the heart of the historic Madrid Main Street business district, this versatile property with both commercial and residential zoning offers a wonderful opportunity for live/work, retail or a comfortable residential setting. The offering includes two lots of record, one with a home along with the adjoining vacant lot, both with community water. Located in a highly-visible location and the site for over 20 years of the successful fine textile retail gallery Seppanan and Daughters, the home has stunning wood floors, vaulted tongue-in-groove ceilings, and wrap around porch. The natural light, including multiple skylights, provides the perfect showroom setting. With full bath, kitchen and laundry area, the property could be used as Live/Work and a business or residence could be added on the vacant lot. Totaling about .38 acres for the two legal lots of record, there is ample room for outdoor living, expansion, and/or an additional structure. The lot has mature shade trees and is deep enough to create a private and shaded area away from the main road. Madrid Main Street is the most popular visitor stop along the Scenic Turquoise Trail, a national scenic byway that runs from Albuquerque to Santa Fe, and home to over 40 businesses, galleries and restaurants. There is an active merchant association to support this creative community. High-speed internet is available through CenturyLink. 
ADDITIONAL INFORMATIONThis two-level Madrid home can be used as residential and/or commercial space! The property fronts on Highway 14 so it has high visibility. Newer roof. Portal for shade in the back, terraced and fenced yard. Great views of the mountains and Madrid, especially from the upstairs deck. The house plan has flexible space which could be perfect for a housemate, rental, short term rental, lock & leave, guest quarters, artist studio, or live-work situation. There are spaces for two kitchens, one upstairs, one down, and one bath on each level. Upstairs has a small sleeping area and loft. Ample storage. Septic has been inspected and certified Feb 2020, w/ new risers installed. Owner may carry with at least 35% down.
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